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RE: Bitcoin Technical Analysis - 1/5/17 - Crashing from 1166 to 851?!?!
it looks like it's a good time to buy some BTC but the fact that the price is unstable & the reasons why aren't abvious yet is what make it kind of worrisome
Emotions, both fear and greed, run highest during rallies.
My goal in analyzing is coming to some conclusions, right or wrong, that I can put on paper and question with logic, related data, and historical precedent.
Then, when the terrifying (or greedy) moment comes, we can rely on our pre-set plans rather than our emotional mindset.
In the shortest term, I expect great volatility, both to the upside as well as the downside.
Are you a long-term holder, or someone thinking about newly getting into it?
to be honest im a miner and im new to crypto currency, i have done some research to understand the basics about how economy works & how crypto works too so you can say im not that good in making some good judgement! but i have some BTC that i earned plus i bought some at 700's & i want to hold it atm
Sounds like you're on the right track. You can lose your shirt trading, whereas Bitcoin has been the best currency something like 5 of the last 6 years.
When I got into Bitcoin I was frivolous with them. I cringe to think how many $5 Bitcoins I just threw away on stupid stuff.
It's a good time to be mining, that's for sure!